Nathan Li

27 Flips | 9 Magazines | @nathanli6065 | Keep up with Nathan Li on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Nathan Li”

Alibaba’s tiny cloud service has one big advantage over Amazon, Google and Microsoft

Among the many businesses in Alibaba’s empire is Aliyun, its cloud-computing service. (“Yun” means “cloud,” though it also happens to be Alibaba founder Jack Ma’s first name in Chinese.) The company has expressed ambitious plans for it: Even as both IBM and Amazon unveiled cloud services in China …

Amazon Web Services

For Bitcoin, Lessons In The History Of Failed Currencies

If someone were to perfect a flying car, governments around the world would be faced with a conundrum. Over the centuries humans have developed a transport system complete with quaint country streets, bustling six-lane highways, electronic toll booths and police officers to monitor it all. So …

Kenya gunmen open fire on church service

Two gunmen stormed a church near the Kenyan coastal city of Mombasa and opened fire on worshippers, killing six people and wounding 20 others, police officials said.<p>One witness said the gunmen shouted out in a foreign language before shooting indiscriminately at the congregation on Sunday.<p>"Both …

A Chinese tycoon is close to buying a bygone icon of American capitalism

A Chinese conglomerate on a global buying spree is reportedly in talks to buy Forbes Media—although for much less than the Forbes family has been hoping. Fosun International—which most recently bought JP Morgan’s Chase Manhattan Plaza, Portugal’s biggest insurance company, and Club Med, a European …

Selling

Bitcoin Targeted By Hackers; Two Exchanges Already Hit

Bitcoin reels as hackers, Apple deliver body blows

Mt. Gox, the Tokyo-based exchange that helped turn the virtual currency known as bitcoin into a tradeable commodity, is teetering on the edge of the abyss. The site froze all withdrawals Friday in the wake of some unusual transactions, which it subsequently blamed on a serious flaw in bitcoin's …

Your Mac may already be a Game Console thanks to Sony and Steam

One path that Apple could take if it ever decides to enter into the game console market is to take advantage of its position in iOS, and add gaming …

The Week in Review: Gadgets and Gizmos A-Plenty

Inside Flipboard / January 10, 2014<p>The Consumer Electronics Show (CES), which just completed its 2014 run in Las Vegas, was full of gadgets—some …

BTC China CEO Attempts To Calm The Bitcoin Market After RMB Deposit Shutdown

In a letter posted on the Chinese bitcoin trading site BTC China CEO Bobby Lee attempted to calm the markets by posting a long, detailed description of the way forward for the company. “As China’s first Bitcoin and Bitcoin trading platform company, we have more than two and half years of operating …

Study: Entrepreneurs Over 50-Years-Old Struggle With Innovation

Startups helmed by owners over the age of 50 are at an innovation disadvantage, a global study finds.<p>It might sound like a stereotype, but new data shows it to be true: Older entrepreneurs struggle to do cool, new stuff.<p>That's the finding from France's NEOMA Business School, which studied nearly …

Entrepreneurship

IPO investors score best year since tech boom

Initial public offerings have best year since tech boom of 2000; hopes are it will continue.<p>Investors' appetite for IPOs is reaching levels not seen since the rip-roaring stock market during the dot-com boom in 2000.<p>Thanks to a white-hot stock market in 2013, companies are successfully launching …

Dark money: only 35 Bitcoin dealers are compliant with US law

Nine months after the law came down, most Bitcoin companies go unregistered<p>Earlier this week, a Bitcoin user in Pennsylvania reportedly received a letter from his bank, Firstrust Bank, asking him to stop sending money to Coinbase, a popular wallet for storing the virtual currency.<p>"We respectfully …

Coinbase Raises Largest Bitcoin Funding Round to Date

Bitcoin’s price may be rising and falling day-by-day, but the virtual currency remains a hot topic for the tech industry and investors. Reflecting optimism in the space, Coinbase — a popular Bitcoin wallet service — has closed its $25 million Series B round led by Andreessen Horowitz.<p>The company …

10 money-making ideas for 2014

Slide 1 of 12<p>After a stellar year for stocks in the U.S. and other developed markets, what can investors expect in 2014?<p>If the Federal Reserve’s …

Markets

MELTDOWN: BITCOIN CRASHES TO $576

Currently, Bitcoin is back to the $700 level. This is still down a whopping 35%.<p>The sharp moves come in the wake of China's clampdown on the controversial digital currency.<p>Earlier this week, the People's Bank of China announced it was barring the country's banks from handling the Bitcoin. (That …

Bitcoin Gets Valued: Bank Of America Puts A Price Target On The Virtual Tender

Virtual currency Bitcoin has no central authority, no national allegiance and no easy tracking mechanism. While enthusiasts have lauded it as an escape from the man (aka. the banks and government), detractors have argued that the system opens the door for money laundering, drug trading and even …

10 Reasons You Should Take A Gap Year

With the recent news that Malia Obama will take a gap year before her freshman year at Harvard, the world will surely watch with anticipation to learn how she will spend the 365 days between high school and college.<p>While it's not common in the U.S., taking a gap year is considered the norm in some …

Dropbox Is Doing Great, But Maybe Not As Great As We Believed

We’re less than a week removed from Snapchat turning down Facebook’s offer of $3 billion — and allegedly an even higher $4 billion from Google. Yet Snapchat makes not a dime in revenue, while the popular cloud-storage app Dropbox most certainly does. So why does the fast-growing company, which has …

Bitcoin Companies and Entrepreneurs Can't Get Bank Accounts

In the first week of July, Jay Shore got bad news. U.S. Bank and Chase informed him they were closing the accounts for his company, Coinabul, a San Diego-based precious metals buyer that sells silver and gold for Bitcoin. They didn’t want to house his half-million dollars. Chase was mum on the …

New York State considers licensing Bitcoin traders

On Friday, the New York State Department of Financial Services announced it will be holding a public hearing on virtual currency regulation, specifically considering whether a certification called "BitLicense" might help manage the spread of online currencies like Bitcoin. The new license would …

If Bitcoin Is So Secure, Why Have There Been Dozens of Bitcoin Bank Robberies And Millions In Losses?

Bitcoin.org, the semi-official voice of the Bitcoin community, says "the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Bitcoin, and the network remains secure even if not all of its users can …

Bitcoin Touches Record $600 Valuation

It’s been an interesting day for crypto-currency Bitcoin after its valuation passed $600 on a trading platform for the first time, while another major trading company (the world’s largest for Bitcoin) landed a $5 million investment.<p>Bitcoin seemed in trouble back in October when its valuation …

China and bitcoin are going steady, but does Beijing approve?

The mutual love affair between China and bitcoin shows no signs of losing steam. Today two related venture capital firms invested $5 million in BTC China, the digital currency’s biggest trading platform, and the value of bitcoins surged to an all-time high, due in part to Chinese demand. But how …

Cryptocurrency

As Bitcoin prices surge past $750, a new high, U.S. agencies set to argue in favor (updated)

Bitcoin prices have exploded over the past week, and just in time: Federal agencies are gearing up to defend the digital currency’s legitimacy in a Senate hearing today.<p>The United States Department of Justice and Securities and Exchanges Commission will argue in favor of Bitcoin’s viability, with …